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20121121
20121129
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FBC 8
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Search Results 0 to 20 of about 21 (some duplicates have been removed)
cliff. democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects the middle class and strengthens it and creates ladders of opportunity for those who aspire to the middle, to get there. >> it's time for the president to present a plan that rises above the reckless and radical voices on the hard left, that goes beyond the talking points of the campaign trail, and that has a realistic chance of passing the congress. the time, in other words, for campaigning is over. it's time for the president to lead. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece. and republicans should put revenue on the table. so i agree we shouldn't raise rates, but grover is wrong when it comes to we can't cap deductions and buy down debt. what do you do with the money? i will violate the pledge, long story short, for the good of the country,
on the table, but senate majority leader harry reid did embrace republicans who have turned against one of the party's most influential forces. >> one obstacle standing beyond congress and compromise, grover norquist. bullying lawmakers willing to put their oath of office and promised to serve constituents ahead of the pledge to lead this antitax sell it. his brand of ideological extremism has been bad for congress and work for -- worse for the country. distancing themselves this week. i appreciate that very much. lou: with the majority leader's things we turn now to the man at the center of mr. reed's spewing of vitriol, of variable stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then
. >> also late tonight, harry reid said the three republicans are politicizing the benghazi matter, calling it, quote, outrageous. >> shepard: catherine herridge in washington. the white house and congress have five weeks to keep us from going over the fiscal cliff at the end of the year. that would mean automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business
ths to feed the bean address the beast. the argument you hear from many democrats even harry reid today, ying that elections have consequences, and this one americans voted for this. yoyou can. i don't know they voted on more spending. >> there is some truth to what you say. >> a lot. >> all truth. neil: a little. >> we're in the pregehmannal sis, thi -- we in the pregame analysis, does everyone believe we're getting threw this without any spending cuts, of course, not, here is what is going on happen decemr 31 we take steps to resolve some tax issues, it will have a lot to did with how we approach taxes next year, you will seeesome discussion, on cutting some spending but is that going to be carried over? neil: here is what i'm worried about. my point is -- >> you and i will remember this you were not even born. >> 92 neier was i then. neil: you are right. >> he was responsible. neil: idea was, i will raise taxes if you guise come back with spending cuts, he raised taxes, they did notome back with spending cuts. are republicans risking going down the same politically disastrous r
on? >> well i oppose the idea that senator reid is proposing. i think it is a mistake to limit the rights of people who elected me and others to have the right to offer amendments and to have unlimited debate on the senate floor. you know, it is interesting when president obama was a senator and republicans were thinking about using this, he said, oh, no, it is terrible, it would destroy the institution and would hurt the country. same thing when senator biden was a senator spoke against it. when harry reid was in the minority he was against it. now they're in the majority. seems like a power play. i think you shouldn't break the rules which is only thing they can do, because they don't have votes to change the rules. you should not break the rules to change the rules. melissa: from here it is so hard for us to tell how close we're getting to a deal or not. we have our own "money" meter which is scale one to money, what is likelihood a deal gets done. what do you think? what is the likelihood? >> i think it is closer to money than to your odds of winning the powerball but we're
time now. >> hb 800 companies and groups sent a letter to senators harry reid, mitch mcconnell and others to say that they want repeal of the medical device tax as part of the fiscal cliff deal, this is a tax not on profits, on sales, on revenue. even if you post losses you still have to pay the tax. here's what the letter writers are warning about. if it passes, it will adversely impact patient care can increase cost of health care and adversely impact jobs. it's a 43,000 jobs could be lumped medical device makers. pacemakers, stopping brain aneurysms including prosthetics for soldiers returning from overseas and the issue is why you're hitting us with an excise tax on sales? they did a study which found when you do the math it is actually 80% in federal, state and local including the excise tax. lori: why would they go throughr the medical device makers? the tanning bed tax, the kind of understand. >> here is the rationale. the house want repeal it, but has stalled in the senate. the logic is they have to have health insurance, required to have health insurance, the lo
everywhere that senator harry reid wants to severely curtail and restrain the my in the's power to flu filibuster. what can you tell us about that? >> i would just tell you the senate -- when i got here the senate worked very well. everybody could offer amendments. they were respectful of the amendments they offered. they knew if they took advantage of it, there would be consequences in terms of people not voting for their amendments. we've lost quality leadership in the senate, and harry reid's answer to that is change the rules, and if he changes the rules, he will have totally defeated our founder's purpose of creating a senate where minority rights are protected, and -- and what that will do is that will create two houses of congress rather than a house and a senate, and it just says majority rules with an iron fist. >> so you're going to fight it. >> well, i would tell you, my hope would be that if he carries out his threat, the senate will be shut down until he restores the rights of the minority because that's what our founders did. the reason they did a bicameral legislature an
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've been correlating. stocks go up, rates go up. stocks go down, rates go down. we're trading on pr. if the premise of this exchange is should we trade on headlines, if you're a day trader who understands once you make a trade and the air is gone out of the person you trade it with, that's the only realism that is there. pr doesn't move markets more than the short term. most of the people i talk to on the automated side say these are rhythmic traders with algorithms. >> do you have a theory on why gold is down today? >> my theory is simpl
senator majority leader reid said there was little progress being made on the fiscal cliff. that was yesterday afternoon. we lost 50 points on the dow. even though mr. reid said he was hopeful a deal could be reached, damage was done. senator mccobble said democrats should be more actively involved in the debates. he said the president was traveling around the country having complain like stops, he should come back to the capitol and make a deal. today representativeboehner saying he was optimistic a cliff deal could be rachd. the market rallied nicely on that after disappointing new home sales results. just in the last hour, we've rallied because the president has come out and said he would like to have a deal on the fis calf cliff by christmas. that's exactly what the markets want to hear. they want a timetable for when a deal can be reached and they want it before the end of the year. we move up to the highs of the day on that news. >> a deal by christmas with a bow on it perhaps, bob. >>> dozens of ceos as we mentioned earlier meeting with congressional leaders right no
. harry reid just a short while ago saying there is little progress made with republicans in these discussions. he was asked, okay, where are democrats going to go on spending cuts, he says we've already done a trillion dollars in spending cuts in last year's debt deal, and we're going to want credit from that. the white house had not extended yet another invitation to democrats and republicans to come back to the white house and discuss the fiscal cliff. the president instead is going to meet with small business owners, ceos, and friday he heads out to suburban philadelphia to sell his position on taxes. republicans meanwhile are saying, look, it's time to start a deal. >> it seems like our friends on the other side are having some difficulty kind of turning off the campaign. we need to sit down and work this matter out. >> we are all here, those of us in the administration and those who have been elected to congress, to serve the american people, so to suggest that we should now that the election's over stop talking to them about these vital issues, i think, is bad advic
. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new revenues. he wants to destroy the economy. no one in their right mind is going to allow that kind of increase to devastate the economy. lou: that's a good point. it's interesting that no one is talking about the fact that individual tax payment, 26% of the bush tax cuts over the past two years, the answer here is this. i just want to see everybody be happy. let me turn to benghazi. there is a palpable sense in washington dc right now. i don't believe the congress has the strength or the tools to actually p
through. i want to ask you about comments about senator reid talking about how he's making it difficult for things to be brought up and you say he's abused the power in the senate to a degree that has never ever been done. how so. i don't think there's any doubt about that. for example, he's controlled the minority party to have amendments to bill after bill after bill after bill and he also has refused to have a budget for three years and the reason is, when you you bring up a budget, you're guaranteed to have the right to amendments and full debate and he's refused for three years to bring up a budget to the floor of the senate and once again, we're headed into secret negotiations with a few leaders and meeting in secret. they'll bring up a settlement presumably, hopefully, until the fiscal cliff, december 24, december 31st and ask everybody to vote for it without amendment and without any real discussion and knowledge by the american people of what's in it. and so, this is so contrary to the great senate understanding where the great issues of our day are debated at length and peopl
, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest here tonight, and, as suggested in other forums as well, but the idea that this president an boehner are coming together to have at least a civil discourse over what in the world we're going to do about the fiscal cliff, six weeks remain, are you any more hopeful as a result of the tone they've taken on the first day of discussion? >> well, i wasn't hopeful with the president's tone, when he said -- >> are you being partisan here? >> i'm not being partisan, i am being objective, when i say that the president proposed $1.6 trillion in new revenue? he wants to destroy the economy? come on. who in their right mind will allow that kind of increase to devastate the economy. it will not be hostess going out of business. >> lou: that is a go
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
that's caused significant gridlock in the past, senate majority leader harry reid thinks a deal can be done by mid december, well ahead of the deadline. >> we have the cornerstone of being able to work something out. we're both going to have to give up some of the things that we to are a problem and so, it's like when we arrive at a point where we all know something has to be done. there's no more let's do it some other time. >> right now, there's some outside pressure on congressional negotiators to raise the 18.4 cent per gallon federal gasoline tax, something that's being pushed by state highway officials and road builders across america. casinos are also pushing to get language legalizing online poker into a deal and governors hit hard by superstorm sandy or wanting more if federal aid to come to them through a potential deal. whatever agreement it made to avoid the fiscal cliff, it's going to be worth a lot of money and now is the time that groups are stepping up to see if they can get in on some of that. >> all right, everyone wants a little piece of the action and everyone wa
close at the lows of the day. a lot of concern after harry reid made some comments suggesting that maybe there was not a lot of progress made. eamon javers has commented saying you shouldn't read too closely into it, but this morning futures are indicated slightly lower once again. in europe, you'll see that there are some red arrows there as well. in france, the cac is down by about 12 points. in london, the ftse is off by 17. in germany, the dax is down by about 14.5 points. in asia overnight, same story. the hang seng was down by .6 of a percent. the shanghai composite was down by .9. the biggest loser was the nikkei. oil prices are slightly weaker, down by about 42 cents. the ten-year note at this hour is yielding 1.62%. been watching the dlampl here's something that snuck up on us. the chinese -- >> you're going to start saying that? >> you want me to call it -- >> if you start saying this other word, i'm going to learn how to say it. what made you decide? >> i'm thinking rnd, which is how they lay it out. i'm thinking rnb. >> okay, if you're going to do it, i'll practice. >> that's
. there is a theory -- patty murray is a prominent democrat. doesn't have the name recognition of harry reid. she clearly says if we don't get what we want, let's go over the cliff. this is the most important part. we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals are
. and the president of the united states called mr. boehner and mr. reid over the weekend. it looks like the president is going to continue the push and meet with the ceo's tomorrow. they upon meet with irskin bowles. he was the co-chair of simpson-bowles commission . mr. bowles had a great plan. he is a democrat, that offered up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done. >> steve: we are a month from the cliff. >> gretchen: we could have avoided the cliff if they used the plan as a starting point. americans are upset nothing gets done. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past
pelosi. they are also going to see house speaker jo eer john boehner, ha reid, they'll go to vegas, won't hear about what happens there, and senate minority leader mitch mcconnell. they can go visit him south of cincinnati. they went out to ask constituents who are we talking about? citizens. local business owners. large company ceos. whether their elected representative is representing them or not. john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now is another economic setback from the fiscal cliff. house speaker boehner and his colleagues
Search Results 0 to 20 of about 21 (some duplicates have been removed)